The healthcare sector consists of businesses that provide medical services, manufacture medical equipment or drugs, provide medical insurance, or otherwise facilitate the provision of healthcare to patients.
When it comes to revenue and employment, healthcare industries has become one of the India’s richest sectors. It comprises of hospitals, clinical trials, medical tourism, health insurance, medical equipment and devices, so on and so forth. Because of public and private players, healthcare sector is growing on its vigorous speed, reinforcing coverage, services and expenditures.
As we know, healthcare industry is one of the vital industries, which is directly related to everyone one of us in all possible manner, be it physically, mentally, or financially. Hence, the consequences of contemporary technology and economy needs a prompt attention, addressing the challenges they bring along with it.
By reviewing the top 5 challenges healthcare service providers face, we are also providing the solutions on how to deal with them.
The healthcare industry is notorious for poor follow-ups, bad accounts, fallacious invoices, and inaccurate notices of payments. All these things lead to a substandard cash flow, which hampers the business in terms of productivity, functions, and revenue.
Manpower Support Services
Nowadays, doctors and other professionals are in high demand, and it is arduous to carry out their duties entirely on your own. To recruit white or blue-collared people,
Fixed Asset Numbering & Verification
Almost 80% of healthcare expenditures comes from the fixed assets, like medical equipment, office equipment, furniture, supplies, software, machinery .
It is a comprehensive review of functions and procedures to corroborate with a pharmacy’s set of rules and regulations. It can either be a surprise or pre-announced audit
- Pharmaceutical Audit
- Internal Audit
- External Audit
- Asset Management
- Bar Code / RFID Tagging
- Verification & Reconciliation
- Process Automation
- Help Desk
- Accounts Receivable
- Follow-up to speed up
- Systematic Collection Procedures
- Customer Balance Confirmations and Reconciliations
- MIS Decision Making
- Generating and Dispatching the invoices
- Human Resource (HR)
- Payroll Processing
- Manpower Outsourcing
- 100% Law Compliance
- Warehouse Management
- POD Tracking
- Dispatch Verification
- Software Implementation
- Order Handling